Gladstone Commercial Announces Industrial Acquisitions in Jacksonville, FL and Fort Payne, AL Seite 1

MCLEAN, VA / ACCESSWIRE / September 22, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) has acquired two industrial assets, totaling 116,706 square feet, in Jacksonville, Florida and Fort Payne, Alabama, for a total purchase price of $13.6 …

MCLEAN, VA / ACCESSWIRE / September 22, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) has acquired
two industrial assets, totaling 116,706 square feet, in Jacksonville, Florida and Fort Payne, Alabama, for a total purchase price of $13.6 million at a weighted GAAP capitalization rate of 7.45%.

The Jacksonville, Florida asset was acquired in a sale/leaseback transaction with twenty years of remaining absolute NNN term. The Fort Payne, Alabama asset was purchased through an UPREIT
transaction and carries 14.8 years of remaining NNN term. Both industrial assets are consistent with Gladstone Commercial’s growth strategy of acquiring functional assets leased to credit-worthy
tenants in strong industrial locations.

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